Keudell Morrison Wealth Management Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Keudell Morrison Wealth Management increased its position in Exxon Mobil Co. (NYSE:XOM) by 4.9% in the second quarter, Holdings Channel reports. The firm owned 35,344 shares of the oil and gas company’s stock after purchasing an additional 1,654 shares during the quarter. Exxon Mobil accounts for 1.2% of Keudell Morrison Wealth Management’s holdings, making the stock its 17th biggest holding. Keudell Morrison Wealth Management’s holdings in Exxon Mobil were worth $4,069,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Exxon Mobil by 3.2% in the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock worth $4,918,000 after purchasing an additional 1,539 shares in the last quarter. Braun Bostich & Associates Inc. increased its position in Exxon Mobil by 80.2% during the fourth quarter. Braun Bostich & Associates Inc. now owns 8,642 shares of the oil and gas company’s stock worth $864,000 after buying an additional 3,847 shares during the last quarter. Cook Wealth Management Group LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $287,000. G2 Capital Management LLC OH acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $590,000. Finally, Genesee Capital Advisors LLC lifted its position in shares of Exxon Mobil by 11.1% in the 4th quarter. Genesee Capital Advisors LLC now owns 8,973 shares of the oil and gas company’s stock worth $897,000 after acquiring an additional 895 shares during the period. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. Morgan Stanley restated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 9th. Barclays reduced their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.39.

Exxon Mobil Trading Down 0.3 %

XOM traded down $0.31 during midday trading on Thursday, hitting $118.64. The company’s stock had a trading volume of 8,075,646 shares, compared to its average volume of 17,243,570. The firm has a 50-day moving average price of $114.49 and a two-hundred day moving average price of $113.19. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market cap of $467.80 billion, a P/E ratio of 14.59, a PEG ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.